OLD POST

November 21, 2018

Binani Cement- Views Received From a Reader/Investor

Message Received It seems 1.57% shares of Binani Cement are still held by public shareholders. Considering Ultratech has paid around 8000 crore and the total shares are 188,601,274 of face value 10 (from some old report), I assume the price of one share would above Rs 400. I know it would not be as simple but still I expect the price to be no less than Rs 200. On one of the sites, they are selling Binani Cement shares at Rs 145. Is there any way to find out Ultratech's plan for these public shareholders?-------------------------BLOG COMMENTSPlease click :-https://www.business-standard.com/article/companies/ultratech-cement-turns-binani-cement-into-wholly-owned-subsidiary-118112000881_1.html----------------------Binani Cement delisted in 2011 at the Exit price of Rs 90 /-.-----------------------------------

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